Strategic Wealth Investment Group LLC Trims Stock Position in PepsiCo, Inc. $PEP

Strategic Wealth Investment Group LLC lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 29.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 68,140 shares of the company’s stock after selling 28,086 shares during the period. Strategic Wealth Investment Group LLC’s holdings in PepsiCo were worth $9,779,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. MH & Associates Securities Management Corp ADV acquired a new stake in shares of PepsiCo during the 4th quarter valued at about $29,000. Imprint Wealth LLC acquired a new stake in shares of PepsiCo during the 3rd quarter valued at about $31,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of PepsiCo during the 4th quarter valued at about $33,000. Evolution Wealth Management Inc. grew its position in shares of PepsiCo by 47.8% during the 4th quarter. Evolution Wealth Management Inc. now owns 232 shares of the company’s stock valued at $33,000 after acquiring an additional 75 shares during the period. Finally, Strategic Advocates LLC acquired a new stake in shares of PepsiCo during the 3rd quarter valued at about $33,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Trading Down 0.2%

PEP opened at $141.92 on Friday. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.90 and a quick ratio of 0.72. The company’s 50 day simple moving average is $152.21 and its two-hundred day simple moving average is $152.51. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $171.48. The firm has a market capitalization of $193.97 billion, a price-to-earnings ratio of 22.28, a price-to-earnings-growth ratio of 2.57 and a beta of 0.35.

PepsiCo (NASDAQ:PEP) last released its earnings results on Wednesday, April 15th. The company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.06. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The business had revenue of $19.44 billion for the quarter, compared to analyst estimates of $18.89 billion. During the same period last year, the company posted $1.48 EPS. The business’s revenue was up 8.5% on a year-over-year basis. Analysts expect that PepsiCo, Inc. will post 8.63 EPS for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be paid a $1.48 dividend. This is a positive change from PepsiCo’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend is Friday, June 5th. This represents a $5.92 dividend on an annualized basis and a yield of 4.2%. PepsiCo’s dividend payout ratio is 89.32%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. The Goldman Sachs Group raised their target price on PepsiCo from $180.00 to $183.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Weiss Ratings restated a “hold (c)” rating on shares of PepsiCo in a research report on Wednesday, April 8th. Royal Bank Of Canada dropped their target price on PepsiCo from $165.00 to $163.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 9th. JPMorgan Chase & Co. lifted their price objective on PepsiCo from $172.00 to $178.00 and gave the stock an “overweight” rating in a report on Friday, April 17th. Finally, Barclays lifted their price objective on PepsiCo from $154.00 to $158.00 and gave the stock an “equal weight” rating in a report on Monday, April 20th. Eight analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, PepsiCo currently has an average rating of “Hold” and an average price target of $169.58.

PepsiCo Company Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.